Abu Dhabi's bourse plans New York roadshow to meet US investors

Abu Dhabi Securities Exchange says it is also to visit London and the Far East in the coming months
Emirati and Arab men discuss the stock rates at the Abu Dhabi Stock Market. (AFP/Getty Images)
By Staff writer
Fri 23 Mar 2018 12:50 AM

Abu Dhabi Securities Exchange (ADX) is set to launch its first roadshow in 2018 in New York later this month, accompanied by a number of its listed companies.

The roadshow on March 26-27, comes as part of ADX's strategic objectives to increase market cap and product range as well as to attract and activate a wider range of investors.

ADX said it also plans to hold roadshows to London and the Far East in the upcoming months.

The roadshow will enable ADX listed companies to engage with potential new investors, fund managers, asset management companies to inform them about their growth strategies and recent developments, a statement said.

Rashed Al Blooshi, chief executive of ADX, said: "We have much to offer investors from the USA. ADX is very attractive to international investors; particularly in light that Emerging Market classification by MSCI, and S&P Dow Jones which followed FTSE upgrade in 2010 and S&P and Russell Investments in 2011."

He added: "This is our first roadshow of the year, and we are confident of good results and response from US investors. Especially that the listed companies participating in the roadshow are leading and distinctive models of strong and successful companies listed on ADX."

Al Blooshi added that ADX was keen to start its first international roadshow of the year in the US; especially that US investors rank first in terms of net investment and market value of shares owned by foreign nationals during the year 2017.

He said that the number of US investors registered in ADX is currently about 3,800 investors of which 1,637 are individual investors and 2,163 are institutional investors, with total trading value exceeding AED7 billion in 2017.

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